Audit thershold

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Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2014
We have franchise of zee for Preschool ie Kidzee.could tell me Audit limit for that?

CS,CA F,Numrologi TusharSampat (Expert)
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17 July 2014 are u asking for tax audit or for what

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 yes for Tax Audit.....

CS,CA F,Numrologi TusharSampat (Expert)
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18 July 2014 since its a business entity the threshold limit is 1 crore.

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Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 Thanks for Reply.....
but it is educational Institute for profit purpose

CS,CA F,Numrologi TusharSampat (Expert)
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18 July 2014 it doesnt matter once ur business entity and doing business then threshold limit is applicable.......

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